Miami
Real Estate News

Almost $1 Trillion of American Homes at Risk From Rising Seas This Century

Almost $1 Trillion of American Homes at Risk From Rising Seas This Century

According to new research by Zillow, rising sea levels are expected to impact $916 billion worth of U.S homes in the next 100 years, most of which are low-end or median-value homes. Read More »


Home Builder Confidence in U.S. Jumps Four Points in October

Home Builder Confidence in U.S. Jumps Four Points in October

According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017. Read More »

Hurricane Irma's Impact on Florida's Commercial Property Market Was Minimal

Hurricane Irma's Impact on Florida's Commercial Property Market Was Minimal

With the recent passing of Hurricane Irma over Florida, the State's commercial property sector managed to escape significant damage given the scale and strength of the storm. Read More »

Hurricane Irma Property Damage, Loss Estimates as High as $65 Billion

Hurricane Irma Property Damage, Loss Estimates as High as $65 Billion

Preliminary property loss estimates in Florida from Hurricane Irma, total insured and uninsured loss for both residential and commercial properties, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion. Read More »


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Global Property Spotlight

Cap Maison Resort - (St. Lucia, West Indies)

Cap Maison Resort - (St. Lucia, West Indies)

On the Caribbean island of St.Lucia, known worldwide for its natural beauty, Cap Maison is in a truly breathtaking location in one of St.Lucia's most desirable areas. Read More »

Last Updated October 19, 2017 9:00 AM ET

Miami Property News

According to Irvine, Ca-based CoreLogic, an estimated 8,456,455 residential and commercial properties in Florida are at either "Extreme," "Very High" or "High" risk of wind damage from Hurricane Irma.

Michael Gerrity has been at the forefront of real estate for more than 30 years. First, the Orlando native had a stellar real estate brokerage career, selling and leasing nearly $300 million worth of commercial office transactions.

According to the National Association of Home Builders' latest Multifamily Production Index, the U.S. Condo and Apartment market is enjoying a nice rebound this summer, as the MPI index posted a gain of eight points to 56 in the second quarter of 2017.

According to the Miami Association of Realtors, Miami's existing condominium sales increased for the second time in three months and $1-million-and-up luxury transactions surged for all properties in July 2017.

According to Zillow, nearly one in 20 residential ZIP codes in the U.S. meets the definition of a $1 Million Neighborhood, meaning at least 10 percent of the homes there are worth seven figures or more.

According to the U.S. Department of Housing and Urban Development and the Commerce Department, nationwide housing starts fell 4.8 percent in July to a seasonally adjusted annual rate of 1.16 million units.

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released this week, rising U.S. home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017.

The Miami Association of Realtors is reporting this week that the Miami residential market posted a robust second quarter as single-family home transactions, single-family luxury sales, median sale prices and dollar volumes all surged.

According to the National Association of Home Builders/First American Leading Markets Index, nearly 300 U.S. housing markets posted an increase in economic and housing activity.

According to the Miami Association of Realtors, Miami's single-family home market continued its strong selling pace by registering its second-most June transactions in history, and the $1 million-plus luxury sales segment rose for both single-family homes and condominiums.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate dropped in mid-July, after two straight weeks of increases.

Substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new record-high

According to new consumer spending analysis from the National Association of Home Builders, newly minted homeowners are helping drive a healthy U.S. economy. In their first year of ownership.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate in the U.S. dropped to a new 2017 low in late June.

According to the Miami Association of Realtors, May 2017 saw 1,344 single-family home sales in the greater Miami area, the most in any May in Miami real estate history, and a 9.9 percent jump from the 1,223 homes sold a year ago.

Mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month.

Nearly 6.9 million U.S. homes along the Atlantic and Gulf coasts are at potential risk of damage from hurricane storm surge inundation in 2017 with a total reconstruction cost value (RCV) of more than $1.5 trillion.

international buyers of residential real estate in the U.S. don't have a significant impact on the overall housing market.


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